TAPSS - Tucson al Pastor Silent Second gives 10% for downpayment

Services for Real Estate Pros with And the United States of America AZ SA543893000

TAPSS - Tucson al Pastor Silent Second gives 10% for downpayment - Buyers with 640 fico score and meeting other requirements qualify for Tucson al Pastor Silent Second downpayment and closing funds of 10% of purchase price up to $20,000.00

TAPSS Tucson al Pastor Silent Second downpayment assistance program Mark Organek 520-477-TACOIf you are a buyer looking to purchase a home in Tucson and you don't have downpayment or closing cost funds, you can qualify for the TAPSS program and get a contribution equal to 10% of the sales price up to $20,000.00.  This program will help Tucson move their statistics from a market where over half of the residential properties are rentals.

How the TAPSS Tucson al Pastor Silent Second downpayment assistance program works:

Potential buyers that currently do not own a house will be able to use part of the money to meet the downpayment requirement and part of it to cover closing costs.  The requirement matrix for TAPSS is below:

  1. 5% of the 10% contribution is the minimum amount applied to the purchase price of the property
  2. All borrowers must have a minimum 640 FICO score for credit.
  3. The maximum debt to income ratio is 45%.
  4. Although the mortgage insurance can be paid from the 10% contribution, the maximum loan to value ratio on the loan is 95%.
  5. Although the program is not available in Marana, it is available for properties in the cities of Tucson and Red Rock for the Tucson Association of REALTORs coverage areas.
  6. Homebuyer education course is required...Contact Mark Organek at 520-477-TACO to begin that process.
  7. No cash back is permitted however, buyers are prermitted a reimbursement of earnest money deposit, home inspection fees and appraisal fees provided the minimum contribution has been satisfied.
  8. There is no prepayment penalty.
  9. Taxes, homeowner's insurance and private monthly mortgage insurance and flood insurance are fortunately collected as part of the monthly mortgage payment.
  11. On the TAPSS program, there are approximately $760.00 in administrator compliance review fees, tax service fees and funding fees in total.  This can be taken from the 10% contribution or if you are represented by Mark Organek, this fee will be paid by RE/MAX Alliance Group's agent for you at closing as a commission deduction.

So, if you need downpayment assistance to buy or purchase a home or house in Tucson Arizona and you would like the various fees paid by Mark Organek, contact him at 520-477-TACO and learn how to take the first steps toward home ownership today!

Posted by

Mark Organek

A guy taking down Mt. BHAG one day at a time.

Thank you for taking the time to read this post.  Maybe one day we can be friends on facebook.  If you would like to visit my facebook business page you can do so at www.facebook.com/realtorsatpeace.  Beyond that, I cannot discuss anything else here as that is not allowed...directly or indirectly.


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Home Buying
Arizona Pima County Tucson
Almost Anything Goes
Posts to Localism
Local Expert
tucson real estate
tucson al pastor silent second
downpayment assistance tucson arizona
zero down programs for home buyers
tucson zero down payment houses
rent to own houses tucson

Post a Comment
Spam prevention
Spam prevention
Show All Comments

Amazing. I didn't know if you hit the 520-477-TACO number on a website from your phone it will actually dial it.

May 04, 2016 01:58 AM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Mark Organek

On a journey to accomplish one huge goal.
Ask me a question
Spam prevention